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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (57860)	4/28/2002 3:40:58 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

L I am not angry at AS. I am annoyed by the number of posts stating the same thing. PALM could soar for all I know. If PALM soars however it will be because the market is going up not not because PALM is an especially brilliant pick. PALM can also fall in half from here, regardless of the fundamentals of PALM. If the Naz keeps falling PALM will fall with it. I have finally figured out something that Don Green told me years and years ago, and I not sure I have the %'s correct but I will try. 60% of what a stock does is based on what the market does 30% of what a stock does is based on what the sector does 10% of what a stock does has anything to do with the stock at all In the days of RMBS soaring to the moon I thought this was lunacy. However, and it took a year, but I realized that RMBS was the exception and not the rule. Of course if PALM comes out with fantastic news it could pop for a day or two. But didn't that just happen only to see the gains given back? In the absense of good news, PALM will go down when the wireless sector goes down and when the Naz goes down. Wireless is not exactly a scorching sector. As a LTBH play, with my bias saying the Sept bottom does not hold, LBTH on PALM when it can not rise on good news seems like a poor play. M